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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

WesBanco, Inc.
Actual Acquirer:
WesBanco Bank, Inc.
Farmers Capital Bank Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Cash ($M) 37.6
Common Stock ($M) 340.7
Common Stock Issued 7,927,453

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 195.0 NA
Price / Tangible Book (%) 195.0 NA
Price / Earnings (x) 26.9 NA
Price / Deposits (%) 27.14 NA
Price / Assets (%) 22.44 NA
Tangible Book Premium/ Deposits (%) NA NA
Deal Terms
Description of Consideration

WesBanco Inc. will pay $5 in cash and exchange 1.053 shares of its common stock for each of the outstanding share of Farmers Capital Bank Corp.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) 35.00
Estimated Cost Savings ($ 000) 18,344
Est. Restructuring Charges ($ 000) 22,300
Maximum Termination Fee ($ 000) 12,000
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 1.053000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 23,000
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Raymond James & Assoc. Inc.
Seller Yes Keefe Bruyette & Woods Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Squire Patton Boggs (US) LLP

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